Citrix Systems, Inc. (NASDAQ:CTXS) Position Boosted by HighVista Strategies LLC

HighVista Strategies LLC raised its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 278.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 62,231 shares of the cloud computing company’s stock after buying an additional 45,800 shares during the period. Citrix Systems makes up approximately 1.2% of HighVista Strategies LLC’s holdings, making the stock its 21st largest position. HighVista Strategies LLC’s holdings in Citrix Systems were worth $5,189,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CTXS. Quadrant Capital Group LLC increased its stake in Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock worth $113,000 after buying an additional 35 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Citrix Systems by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,941 shares of the cloud computing company’s stock worth $799,000 after buying an additional 47 shares in the last quarter. Blair William & Co. IL boosted its stake in Citrix Systems by 0.6% in the first quarter. Blair William & Co. IL now owns 7,987 shares of the cloud computing company’s stock worth $658,000 after buying an additional 49 shares in the last quarter. Cleararc Capital Inc. boosted its stake in Citrix Systems by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the cloud computing company’s stock worth $321,000 after buying an additional 58 shares in the last quarter. Finally, Clean Yield Group boosted its stake in Citrix Systems by 0.9% in the first quarter. Clean Yield Group now owns 7,739 shares of the cloud computing company’s stock worth $645,000 after buying an additional 70 shares in the last quarter. Institutional investors own 97.58% of the company’s stock.

Citrix Systems, Inc. (CTXS) traded up 0.02% during mid-day trading on Tuesday, hitting $81.45. The company’s stock had a trading volume of 357,385 shares. The firm has a market cap of $12.31 billion, a price-to-earnings ratio of 26.81 and a beta of 1.49. Citrix Systems, Inc. has a 52-week low of $64.11 and a 52-week high of $87.99. The firm has a 50 day moving average of $82.16 and a 200-day moving average of $79.60.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.10. Citrix Systems had a net margin of 14.75% and a return on equity of 31.02%. The firm had revenue of $662.70 million during the quarter, compared to the consensus estimate of $664.16 million. During the same period last year, the firm earned $1.18 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that Citrix Systems, Inc. will post $4.64 EPS for the current fiscal year.

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Several analysts have commented on CTXS shares. Robert W. Baird upgraded Citrix Systems from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $85.00 to $90.00 in a report on Thursday, April 27th. MKM Partners boosted their price target on Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. Berenberg Bank assumed coverage on Citrix Systems in a report on Tuesday, April 4th. They issued a “buy” rating and a $98.00 price target for the company. Finally, Jefferies Group LLC lowered their price objective on Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a research note on Friday, April 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $92.02.

Citrix Systems Company Profile

Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.

Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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